t
Barclays PLC submitted a Form 8.3 disclosure on June 23, 2025, detailing its interests and dealings in Direct Line Insurance Group PLC as of June 20, 2025, also noting Aviva PLC as another party to the offer. As of June 20, 2025, Barclays PLC held a total interest of 38,760,879 (2.96%) and total short positions of 37,944,574 (2.89%) in Direct Line Insurance Group PLC's 10 10/11p ordinary shares. On June 20, 2025, Barclays PLC acquired 2,002,752 ordinary shares and disposed of 731,555 ordinary shares, alongside various cash-settled derivative dealings.
| Date | 23 Jun 2025 |
| Time | 15:19:09 |
| Category | Holding(s) in company |
| ID | 0294O |
|
FORM 8.3 |
|||||||
|
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY |
|||||||
|
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR |
|||||||
|
MORE |
|||||||
|
Rule 8.3 of the Takeover Code (the "Code") |
|||||||
|
1. |
KEY INFORMATION |
||||||
|
(a) |
Full name of discloser: |
Barclays PLC. |
|||||
|
(b) |
Owner or controller of interest and short |
|
|||||
|
(c) |
Name of offeror/offeree in relation to whose |
DIRECT LINE INSURANCE GROUP PLC |
|||||
|
(d) |
If an exempt fund manager connected with an |
|
|||||
|
(e) |
Date position held/dealing undertaken: |
20 Jun 2025 |
|||||
|
(f) |
In addition to the company in 1(c) above, is the discloser making |
YES: |
|||||
|
2. |
POSITIONS OF THE PERSON MAKING THE DISCLOSURE |
||||||
|
(a) |
Interests and short positions in the relevant securities of the offeror or offeree |
||||||
|
Class of relevant security: |
10 10/11p ordinary |
||||||
|
|
Interests |
Short Positions |
|||||
|
Number |
(%) |
Number |
(%) |
||||
|
(1) Relevant securities owned and/or controlled: |
35,825,170 |
2.73% |
2,653,068 |
0.20% |
|||
|
(2) Cash-settled derivatives: |
2,935,709 |
0.22% |
35,291,506 |
2.69% |
|||
|
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: |
0 |
0.00% |
0 |
0.00% |
|||
|
|
38,760,879 |
2.96% |
37,944,574 |
2.89% |
|||
|
(b) |
Rights to subscribe for new securities (including directors and |
||||||
|
Class of relevant security in relation to |
|
||||||
|
Details, including nature of the rights |
|
||||||
|
3. |
DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE |
||||||
|
(a) |
Purchase and sales |
||||||
|
Class of relevant |
Purchase/sale |
Number of |
Price per unit |
||||
|
10 10/11p ordinary |
Purchase |
1,037,281 |
3.0760 GBP |
||||
|
10 10/11p ordinary |
Purchase |
431,768 |
3.0749 GBP |
||||
|
10 10/11p ordinary |
Purchase |
90,745 |
3.0793 GBP |
||||
|
10 10/11p ordinary |
Purchase |
77,696 |
3.0765 GBP |
||||
|
10 10/11p ordinary |
Purchase |
70,321 |
3.0761 GBP |
||||
|
10 10/11p ordinary |
Purchase |
42,925 |
3.0789 GBP |
||||
|
10 10/11p ordinary |
Purchase |
35,672 |
3.0766 GBP |
||||
|
10 10/11p ordinary |
Purchase |
28,580 |
3.0781 GBP |
||||
|
10 10/11p ordinary |
Purchase |
20,991 |
3.0700 GBP |
||||
|
10 10/11p ordinary |
Purchase |
18,036 |
3.0798 GBP |
||||
|
10 10/11p ordinary |
Purchase |
17,974 |
3.0779 GBP |
||||
|
10 10/11p ordinary |
Purchase |
15,148 |
3.0800 GBP |
||||
|
10 10/11p ordinary |
Purchase |
15,071 |
3.0783 GBP |
||||
|
10 10/11p ordinary |
Purchase |
14,988 |
3.0740 GBP |
||||
|
10 10/11p ordinary |
Purchase |
14,142 |
3.0790 GBP |
||||
|
10 10/11p ordinary |
Purchase |
10,630 |
3.0772 GBP |
||||
|
10 10/11p ordinary |
Purchase |
9,798 |
3.0810 GBP |
||||
|
10 10/11p ordinary |
Purchase |
8,127 |
3.0799 GBP |
||||
|
10 10/11p ordinary |
Purchase |
7,987 |
3.0792 GBP |
||||
|
10 10/11p ordinary |
Purchase |
7,873 |
3.0771 GBP |
||||
|
10 10/11p ordinary |
Purchase |
6,075 |
3.0785 GBP |
||||
|
10 10/11p ordinary |
Purchase |
5,207 |
3.0780 GBP |
||||
|
10 10/11p ordinary |
Purchase |
4,566 |
3.0782 GBP |
||||
|
10 10/11p ordinary |
Purchase |
2,690 |
3.0758 GBP |
||||
|
10 10/11p ordinary |
Purchase |
2,345 |
3.0820 GBP |
||||
|
10 10/11p ordinary |
Purchase |
2,033 |
3.0776 GBP |
||||
|
10 10/11p ordinary |
Purchase |
1,805 |
3.0713 GBP |
||||
|
10 10/11p ordinary |
Purchase |
485 |
3.0770 GBP |
||||
|
10 10/11p ordinary |
Sale |
538,222 |
3.0760 GBP |
||||
|
10 10/11p ordinary |
Sale |
66,473 |
3.0763 GBP |
||||
|
10 10/11p ordinary |
Sale |
59,580 |
3.0781 GBP |
||||
|
10 10/11p ordinary |
Sale |
21,077 |
3.0740 GBP |
||||
|
10 10/11p ordinary |
Sale |
9,587 |
3.0806 GBP |
||||
|
10 10/11p ordinary |
Sale |
8,987 |
3.0779 GBP |
||||
|
10 10/11p ordinary |
Sale |
7,538 |
3.0780 GBP |
||||
|
10 10/11p ordinary |
Sale |
3,865 |
3.0768 GBP |
||||
|
10 10/11p ordinary |
Sale |
3,590 |
3.0759 GBP |
||||
|
10 10/11p ordinary |
Sale |
3,043 |
3.0770 GBP |
||||
|
10 10/11p ordinary |
Sale |
2,991 |
3.0743 GBP |
||||
|
10 10/11p ordinary |
Sale |
2,345 |
3.0820 GBP |
||||
|
10 10/11p ordinary |
Sale |
2,182 |
3.0785 GBP |
||||
|
10 10/11p ordinary |
Sale |
926 |
3.0810 GBP |
||||
|
10 10/11p ordinary |
Sale |
871 |
3.0731 GBP |
||||
|
10 10/11p ordinary |
Sale |
236 |
3.0816 GBP |
||||
|
10 10/11p ordinary |
Sale |
42 |
3.0592 GBP |
||||
|
(b) |
Cash-settled derivative transactions |
||||||
|
Class of |
Product description |
Nature of dealing |
Number of |
Price per |
|||
|
10 10/11p ordinary |
SWAP |
Decreasing Short |
42 |
3.0593 GBP |
|||
|
10 10/11p ordinary |
SWAP |
Decreasing Short |
3,865 |
3.0768 GBP |
|||
|
10 10/11p ordinary |
SWAP |
Decreasing Short |
3,043 |
3.0770 GBP |
|||
|
10 10/11p ordinary |
SWAP |
Decreasing Short |
8,905 |
3.0779 GBP |
|||
|
10 10/11p ordinary |
SWAP |
Decreasing Short |
21,471 |
3.0820 GBP |
|||
|
10 10/11p ordinary |
SWAP |
Increasing Short |
1,244 |
3.0720 GBP |
|||
|
10 10/11p ordinary |
SWAP |
Increasing Short |
7,082 |
3.0748 GBP |
|||
|
10 10/11p ordinary |
SWAP |
Increasing Short |
102,316 |
3.0759 GBP |
|||
|
10 10/11p ordinary |
SWAP |
Increasing Short |
637,010 |
3.0760 GBP |
|||
|
10 10/11p ordinary |
SWAP |
Increasing Short |
47,900 |
3.0764 GBP |
|||
|
10 10/11p ordinary |
SWAP |
Increasing Short |
77,696 |
3.0765 GBP |
|||
|
10 10/11p ordinary |
SWAP |
Increasing Short |
41,768 |
3.0770 GBP |
|||
|
10 10/11p ordinary |
SWAP |
Increasing Short |
10,630 |
3.0772 GBP |
|||
|
10 10/11p ordinary |
SWAP |
Increasing Short |
20,900 |
3.0777 GBP |
|||
|
10 10/11p ordinary |
SWAP |
Increasing Short |
6,075 |
3.0785 GBP |
|||
|
10 10/11p ordinary |
SWAP |
Increasing Short |
42,925 |
3.0789 GBP |
|||
|
10 10/11p ordinary |
SWAP |
Increasing Short |
7,987 |
3.0792 GBP |
|||
|
10 10/11p ordinary |
SWAP |
Increasing Short |
90,710 |
3.0793 GBP |
|||
|
10 10/11p ordinary |
SWAP |
Increasing Short |
25,461 |
3.0794 GBP |
|||
|
10 10/11p ordinary |
SWAP |
Increasing Short |
17,894 |
3.0796 GBP |
|||
|
10 10/11p ordinary |
SWAP |
Increasing Short |
18,036 |
3.0798 GBP |
|||
|
10 10/11p ordinary |
SWAP |
Increasing Short |
7,989 |
3.0814 GBP |
|||
|
10 10/11p ordinary |
SWAP |
Increasing Short |
335 |
3.0819 GBP |
|||
|
10 10/11p ordinary |
CFD |
Decreasing Short |
10,060 |
3.0740 GBP |
|||
|
10 10/11p ordinary |
CFD |
Decreasing Short |
17,671 |
3.0753 GBP |
|||
|
10 10/11p ordinary |
CFD |
Decreasing Short |
1,001 |
3.0760 GBP |
|||
|
10 10/11p ordinary |
CFD |
Increasing Short |
40,394 |
3.0623 GBP |
|||
|
10 10/11p ordinary |
CFD |
Increasing Short |
7,805 |
3.0637 GBP |
|||
|
10 10/11p ordinary |
CFD |
Increasing Short |
10,540 |
3.0753 GBP |
|||
|
10 10/11p ordinary |
CFD |
Increasing Short |
14,247 |
3.0760 GBP |
|||
|
10 10/11p ordinary |
CFD |
Increasing Short |
100,000 |
3.0768 GBP |
|||
|
10 10/11p ordinary |
CFD |
Increasing Short |
285 |
3.0780 GBP |
|||
|
10 10/11p ordinary |
CFD |
Increasing Short |
2,345 |
3.0820 GBP |
|||
|
10 10/11p ordinary |
CFD |
Increasing Short |
1,884 |
3.0822 GBP |
|||
|
|
|
|
|
|
|
|
|
|
(c) |
Stock-settled derivative transactions |
||||||
|
(i) |
Writing, selling, purchasing or varying |
||||||
|
Class |
Product |
Writing, |
Number |
Exercise |
Type |
Expiry |
Option |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(ii) |
Exercising |
|
|
|
|
|
|
|
Class of relevant |
Product description |
Exercising/ exercised against |
Number of |
Exercise price per |
|||
|
|
|
|
|
|
|||
|
|
|
|
|
|
|
|
|
|
(d) |
Other dealings (including subscribing for |
||||||
|
Class of relevant |
Nature of Dealings |
Details |
Price per unit (if |
||||
|
|
|
|
|
||||
|
4. |
OTHER INFORMATION |
||||||
|
(a) |
Indemnity and other dealings arrangements |
||||||
|
Details of any indemnity or option arrangement, or any agreement or understanding, |
|||||||
|
NONE |
|||||||
|
(b) |
Agreements, arrangements or understandings relating to options or |
||||||
|
Details of any agreement, arrangement or understanding, formal or informal, between |
|||||||
|
NONE |
|||||||
|
(c) |
Attachments |
|
|
|
|
|
|
|
Is a Supplemental Form 8 (Open Positions) attached? |
NO |
||||||
|
Date of disclosure: |
23 Jun 2025 |
||||||
|
Contact name: |
Large Holdings Regulatory Operations |
||||||
|
Telephone number: |
020 3134 7213 |
||||||